
@bascule ("Tony “Abolish ICE” Arcieri 🦀") wrote:
Why is it that the reserves of stablecoins are structured like a hedge fund operated by a money launderer instead of the most risk averse mutual fund you can imagine?
https://www.theblockcrypto.com/linked/112001/circle-reveals-majority-of-usdc-reserves-are-in-cash-and-cash-equivalents